Pension Tax Relief
Registered pension schemes are subject to tax rules and limits. These tax limits are laid down by HM Revenue and Customs as tax legislation.
This section of the website covers the main tax rules that apply to members of all four Scottish schemes administered by SPPA i.e. NHS, Teachers, Police and Firefighters
The Annual Allowance (AA) is the amount that your pension benefits can increase by each year.
The Lifetime Allowance (LTA) is the total amount of pension savings that an individual can have before being subject to tax.
SPPA and employers cannot provide financial advice, therefore, you may wish to consider consulting an independent financial adviser.
For more detailed information about Tax implications, protection and the tax charges that could be applicable, please see HMRCs:
Pensions Tax Manual
HMRC News letters
HMRC Pension Schemes Services